Australia based mining company Hancock Group has signed a further expanded cooperation agreement with South Korean steelmaker POSCO. The agreement encompasses further iron ore projects and the joint study of the production of hot briquetted iron. The MoU was signed by Hancock Prospecting Executive Chairman Mrs Gina Rinehart & POSCO’s Chief Executive Officer Mr Jeong-Woo Choi in West Australia on 20 June 2022.The signing of the strategic alignment and cooperation MoU between Hancock and POSCO Group encompasses further iron ore projects, the joint study of the production of hot briquetted iron and broadens cooperation into potential resource development for battery minerals, an area where POSCO Group is developing downstream processing. The agreement builds on the long-term successful relationship between Hancock Prospecting and POSCO Group that was built through the outstanding development of the 60 million tonne per annum Roy Hill iron ore project and more recently expanded with the joint acquisition of SENEX Energy.
Australia based mining company Hancock Group has signed a further expanded cooperation agreement with South Korean steelmaker POSCO. The agreement encompasses further iron ore projects and the joint study of the production of hot briquetted iron. The MoU was signed by Hancock Prospecting Executive Chairman Mrs Gina Rinehart & POSCO’s Chief Executive Officer Mr Jeong-Woo Choi in West Australia on 20 June 2022.The signing of the strategic alignment and cooperation MoU between Hancock and POSCO Group encompasses further iron ore projects, the joint study of the production of hot briquetted iron and broadens cooperation into potential resource development for battery minerals, an area where POSCO Group is developing downstream processing. The agreement builds on the long-term successful relationship between Hancock Prospecting and POSCO Group that was built through the outstanding development of the 60 million tonne per annum Roy Hill iron ore project and more recently expanded with the joint acquisition of SENEX Energy.
